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11 June 2014 2 nd Meeting European Ocean Energy Forum

11 June 2014 2 nd Meeting European Ocean Energy Forum. Sian George CEO Ocean Energy Europe. Representing a Growing Sector. Representing a Growing Sector. INDUSTRY VISION PAPER – EU Parliament Launch 2013. Key Asks… SET Plan inclusion

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11 June 2014 2 nd Meeting European Ocean Energy Forum

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  1. 11June 20142nd Meeting European Ocean Energy Forum Sian George CEO OceanEnergy Europe

  2. Representing a Growing Sector

  3. Representing a Growing Sector

  4. INDUSTRY VISION PAPER – EU Parliament Launch 2013 • Key Asks… • SET Plan inclusion • Ocean Energy Hub – facilitated by the Commission • Cooperation, collaboration & coordination – share risk • …ultimately leading to a European Industrial Initiative.

  5. EC COMMUNICATION ON OCEAN ENERGY Goal: “Drive this nascent sector forward towards full industrialisation” 2 step action plan Establish an Ocean Energy Forum 2014-2016 - build capacity, foster cooperation & deliver a strategic Ocean Energy Road Map A European Industrial Initiative, “could be the next step” - a platform for sharing investment risk (2017-2020).

  6. FORUM - 2014 OCEAN ENERGY FORUM Board – Ministers & CEOs TP OCEAN Environment & Regulations Markets& Finance 11 June – Convening Workstreams & Steering Committees Agree high level targets – what does success look like? 1-2 October – Ministerial Summit, Paris Endorse workplan goals & objectives – what is on the critical path?

  7. Technology Workstream >10GWh generated Several tidal prototypes are now array-ready Wave prototypes making progress to array-readiness TP OCEAN – 110+ Members, Steering Committee of 20

  8. SET Plan IR & SI Ocean STA Reliable technologies that meet investment criteria in supported markets LCOE target <15-20€c/kWh by first GW Performance & Cost reduction: Continued innovation: TRL progress Demonstration: scale up – arrays Engage supply chain: standard components & specs Technology Workstream = TP OCEAN CHAIR: FIONA BUCKLEY, GDF

  9. Streamline consenting processes – share best practice, data and lessons Roll-out “one-stop-shops” across Europe Start work early with all maritime stakeholder groups 2 Consents & Licensing Workstream CHAIR: PHIL GILMOUR, MARINE SCOTLAND

  10. Get ten pilot arrays to financial close by 2020 Clarity and flexibility on State Aid checks for first arrays Continue to push game-changers, challengers and frontrunners up the Technology Readiness Levels (TRL1–8) Encourage early investment in innovation along the supply chain FINANCE AND MARKETS WORKSTREAM CHAIR, ROB HASTINGS, CROWN ESTATE

  11. CROSS-CUTTING THEME Grid infrastructure Now: Explore innovative ways to reduce prohibitive costs and delays for early-stage projects Medium-term: connecting small farms (30MW+) Long-term: super-grid integration

  12. SET PLAN INTEGRATED ROAD MAP SP Ocean Group – Final Draft due for publication shortly… Advanced Research Programme - Total Est. Cost = €210m Industrial Research and Demonstration Programme - Total Est. Cost = € 385m Innovative and Market Uptake Programme - Total Est. Cost = € 630m €1.2bn - bookmark

  13. Why Support New Renewables? • Energy security – use what we have • Raw resource is €0.00 • 54% of our fuel is imported (Ecfin) • Across Europe - 5.4% of domestic bills “because of” renewables (Ecfin)

  14. 100GW by 2050 – Forum Roadmap 2020 INNOVATION & FIRST ARRAYS Financial Close on up to 10 Arrays of 3+ Devices 2025 COST CONFIDENCE Economies of Scale – Arrays scaling up 2030 MARKET-ROLLOUT BEGINS Commercially Available farms – tariffs reducing 2050 MAINSTREAM–upto100GW Renewable Energy Supplier

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